121 Mcglades Road, North Plantations, WA 6701

121 McGlades Road, Carnarvon, WA.

$795,000 (walk in, walk out)

'Otway Plantation' presents an outstanding opportunity to acquire a fully developed banana plantation in one of Australia's most well recognised sub-tropical growing regions.

Situated on the eastern side of the Carnarvon Horticulture District, 'Otway Plantation' consists of 7.49ha of rich, alluvial soil and 250m of Gascoyne River frontage. The three key elements of a successful & sustainable horticultural industry are present and perfectly balanced in this location - an ideal growing climate, rich alluvial soil and abundant water. The property's Williams Cavendish bananas are picked year-round, providing a new owner with consistent cashflow and the marketing expertise of the Sweeter Banana Cooperative.

The property is offered on a 'walk in, walk out' basis and includes all the necessary plant & improvements to continue the business as a going concern. The main residence is a well presented, three-bedroom, one bathroom, 'T & R' built transportable home, with all the features required for comfortable family living. Complementing the home are the surrounding mature palms, lush lawn and established mango trees. If required, seasonal workers can be accommodated in the nearby three-bedroom cottage.

The 30m x 8m, fully enclosed packing shed & workshop provides ample space for machinery maintenance and processing.

Secure and substantial water allocations are sourced from both the Department of Water (DOW) and the Gascoyne Water Co-Operative (GWC). Two operational bores draw water from the Gascoyne River aquifer (DOW), while scheme water is provided via GWC pipelines. Water is reticulated throughout the length of the property from a 250,000L Pioneer water tank with underground mainlines, to 12 individual patches ranging from 0.135ha to 1.042ha.

With approximately 5ha under production, 'Otway Plantation' is operated by a husband & wife team, with the part time assistance of a farmhand. This person would consider remaining in a management role for an incoming investor / owner.

The property is conveniently located approx 1.3km from the North West Coastal Highway and the 'Sweeter Banana' packing facilities, with the Carnarvon town centre approximately 15km to the west.

'Otway Plantation' is being offered for sale to allow the owners to pursue interests outside of farming. This is a highly profitable enterprise with a full list of plant & machinery, production & financial statistics available to qualified buyers.

For further information, please contact:

Yves Beagley

Nutrien Harcourts

E: [email protected]

M: 0438 326 608